VIVALI: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VIVALI
Largest movements
- Cash -€11,839
down €11,839 (-23.0%), from €51,584 to €39,746
mainly Contributions, distributions and other (-€20,324) and Deferred charges and accrued income (-€4,147)
- Tangible fixed assets -€6,027
down €6,027 (-20.3%), from €29,644 to €23,617
of which Other tangible fixed assets: -€3,288
- Deferred charges and accrued income +€4,147
up €4,147 (+524.3%), from €791 to €4,938
- Stocks and contracts +€1,158
up €1,158 (+83.3%), from €1,390 to €2,548
- Reserves -€20,324
down €20,324 (-31.0%), from €65,462 to €45,139
- Other debts +€17,924
up €17,924 (+465.3%), from €3,852 to €21,776
- Profit (loss) carried forward -€3,765
down €3,765, from €0 to -€3,765
- Debts after one year -€3,019
down €3,019 (-92.1%), from €3,278 to €259
- Tax, wage and social debts -€2,751
down €2,751 (-76.4%), from €3,599 to €848
of which Taxes: -€2,878
- Gross operating margin -€6,356
down €6,356 (-30.6%), from €20,746 to €14,390
- Staff costs +€3,637
up €3,637 (+94.1%), from €3,865 to €7,502
- Taxes -€1,807
down €1,807 (-94.9%), from €1,905 to €97
- Financial charges +€1,350
up €1,350 (+185.6%), from €727 to €2,078
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,770 | €74,080 | -€12,690 | -14.6% |
| Fixed assets | 21/28 | €29,694 | €23,667 | -€6,027 | -20.3% |
| Tangible fixed assets | 22/27 | €29,644 | €23,617 | -€6,027 | -20.3% |
| Plant, machinery and equipment | 23 | €2,697 | €2,690 | -€7 | -0.3% |
| Leasing and similar rights | 25 | €5,801 | €3,069 | -€2,732 | -47.1% |
| Other tangible fixed assets | 26 | €21,147 | €17,858 | -€3,288 | -15.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €57,076 | €50,413 | -€6,663 | -11.7% |
| Stocks and contracts in progress | 3 | €1,390 | €2,548 | +€1,158 | +83.3% |
| Stocks | 30/36 | €1,390 | €2,548 | +€1,158 | +83.3% |
| Amounts receivable within one year | 40/41 | €3,310 | €3,182 | -€128 | -3.9% |
| Trade receivables | 40 | €2,710 | €84 | -€2,626 | -96.9% |
| Other amounts receivable | 41 | €600 | €3,098 | +€2,497 | +416.0% |
| Cash at bank and in hand | 54/58 | €51,584 | €39,746 | -€11,839 | -23.0% |
| Deferred charges and accrued income | 490/1 | €791 | €4,938 | +€4,147 | +524.3% |
| Total equity and liabilities | 10/49 | €86,770 | €74,080 | -€12,690 | -14.6% |
| Equity | 10/15 | €67,462 | €43,373 | -€24,089 | -35.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €65,462 | €45,139 | -€20,324 | -31.0% |
| Distributable reserves | 133 | €65,462 | €45,139 | -€20,324 | -31.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,765 | -€3,765 | |
| Amounts payable | 17/49 | €19,308 | €30,707 | +€11,399 | +59.0% |
| Amounts payable after more than one year | 17 | €3,278 | €259 | -€3,019 | -92.1% |
| Financial debts | 170/4 | €3,278 | €259 | -€3,019 | -92.1% |
| Amounts payable within one year | 42/48 | €15,801 | €30,448 | +€14,647 | +92.7% |
| Current portion of amounts payable after more than one year | 42 | €2,862 | €3,019 | +€158 | +5.5% |
| Trade debts | 44 | €5,488 | €4,805 | -€683 | -12.4% |
| Suppliers | 440/4 | €5,488 | €4,805 | -€683 | -12.4% |
| Taxes, remuneration and social security | 45 | €3,599 | €848 | -€2,751 | -76.4% |
| Taxes | 450/3 | €3,252 | €374 | -€2,878 | -88.5% |
| Remuneration and social security | 454/9 | €348 | €474 | +€126 | +36.3% |
| Other amounts payable | 47/48 | €3,852 | €21,776 | +€17,924 | +465.3% |
| Accrued charges and deferred income | 492/3 | €229 | €0 | -€229 | -100.0% |
| Remuneration, social security and pensions | 62 | €3,865 | €7,502 | +€3,637 | +94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,504 | €7,547 | +€42 | +0.6% |
| Other operating charges | 640/8 | €732 | €882 | +€149 | +20.4% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €20,746 | €14,390 | -€6,356 | -30.6% |
| Operating profit (loss) | 9901 | €8,644 | -€1,590 | -€10,234 | |
| Financial charges | 65/66B | €727 | €2,078 | +€1,350 | +185.6% |
| Recurring financial charges | 65 | €727 | €2,078 | +€1,350 | +185.6% |
| Profit (loss) for the period before taxes | 9903 | €7,917 | -€3,668 | -€11,584 | |
| Income taxes | 67/77 | €1,905 | €97 | -€1,807 | -94.9% |
| Profit (loss) for the period | 9904 | €6,012 | -€3,765 | -€9,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,012 | -€3,765 | -€9,777 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.